Advertising - the poor person’s industry. Shock!
Scanning the Sunday Times report on Britain’s top 500 rich people at the
weekend, looking to see how much our lords and Masters here at Haymarket
Publishing have made out of our blood, sweat and tears, we were struck
by the dearth of luminaries from the world of advertising.
There were media barons galore, from Viscount Rothermere with his pounds
1 billion downwards, but where, oh where, we ask, were the admen?
Try as they might, they could only come up with Charles and Maurice
Saatchi, miraculously up from last year’s pounds 80 million to pounds
165 million and joint 91st spot. However, upon closer inspection pounds
73 million of this was down to Charles’s art collection alone. There was
pounds 10 million’s worth of homes, and pounds 27 million of Maurice’s
and Josephine Hart’s share in Megalomedia. However, the estimate that
their stake in M&C Saatchi is already worth pounds 20 million is
stunning, particularly for Messrs Sinclair, Muirhead and Kershaw. It
surely depends on a lot of goodwill the five will be glad to know they
Thought for the day: Dan Wagner, the former WCRS account boy, rolls in
at joint 387th with pounds 40 million. What exactly does MAID do again,